Page 1695 - Company News

Pass fresh order; review fines to save domestic tyre industry: NCLAT to CCI

NCLAT has directed CCI to pass a fresh order in the matter of alleged cartelisation by tyre companies, citing the need to re-examine arithmetical errors to save the domestic tyre industry

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

DPIIT considering quality control norms for ceiling fan, smart meters

The Department for Promotion of Industry and Internal Trade (DPIIT) is considering to come out with quality control norms for certain more products such as ceiling fan and smart power meter

Westlife eyes almost 3-fold sales growth in 5 yrs, to add 300 McDonald's

The company, which through its subsidiary Hardcastle Restaurants operates 337 McDonald's restaurants (as of September 30, 2022), has already commenced the work on the next 200 stores

KreditBee raises $80 million in Series D from Premji Invest, others

The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months

Credit Suisse shares set to end losing streak on halted outflows

Credit Suisse rose as much as 6.9% in Zurich trading, putting the stock on course to end a record 13-day losing streak, as the comments calmed investors

Chip shortage to cause bigger hit to Dec production: Maruti Suzuki India

Maruti Suzuki India Ltd, the country's top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months

ONGC, IOCL, Vedanta's bonds worth $1.9 bn mature in FY23: Moody's

Three major oil and gas companies- Oil and Natural Gas Corporation Limited (ONGC), IOCL and Vedanta Resources Limited together have around $1.9 bn of rated US dollar bonds maturing next year

Amara Raja Batteries to invest Rs 9,500 cr battery mfg, R&D in Telangana

Amara Raja Batteries Ltd said it intends to invest Rs 9,500 crore over the next 10 years in Telangana on setting up research and manufacturing facilities for lithium-ion battery-making in the state

Geopolitics to become integral to IT industry: Top Ericsson India official

Geopolitics will define business decisions in IT industry going ahead and companies will have to focus on real-time data to stay ahead of competition, says Amitabh Ray

Tata Power announces Rs 6,000 crore capital investment in Odisha

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha.

Electric two-wheeler maker WardWizard's sales jump over two-fold in Nov

Electric two-wheeler maker WardWizard Innovations and Mobility on Friday said its sales surged over two-fold to 7,123 units in November this year as compared with the same month last year

Reliance makes rare buy of Russian naphtha, ups fuel oil imports: Data

India imported about 410,000 tonnes of naphtha, used for making petrochemicals, in Sept-Oct, the Refinitiv data showed

Godrej Properties buys 18.6 acres land in M'bai; eyes Rs 7Kcr sales revenue

Godrej Properties Ltd said it has bought 18.6 acre land at Kandivali in Mumbai to develop a premium housing project and expects sales revenue of about Rs 7,000 crore

Air India ropes in Futurebrands to redraw its branding strategy: Report

Futurebrands has earlier worked on rebranding the American Airlines and luxury auto brand Bentley

Mahua Acharya resigns as managing director, CEO of state-owned CESL

Acharya further said she would also like to resign from the company's board as well and requested for appropriate resolution to be passed in this regard

Online British fashion retailer Boohoo partners with India's Myntra

Online fashion retailer Boohoo said on Wednesday it was entering the Indian market through a deal to feature its brands on Walmart Inc-owned online fashion site Myntra

RINL supplies 1,800 tonnes of structural steel for AMNS expansion project

On October 28, the Gujarat-based steel maker AMNS India kicked off the Rs 60,000-cr expansion project to scale up the capacity of its steel plant to 15 million tonnes (MT) from about 9 MT at present

CIEL HR acquires talent assessment company, plans IPO in Q2 of FY24

Skilling solutions firm is in talks to acquire two other professional staffing companies before its goes public

Orchid Pharma board approves QIP programme to raise Rs 500 crore

With this QIP, the Dhanuka group, which took over the company in 2018, is also meeting its mandatory obligation to dilute 15 per cent stake in it by March 2023